[aak723]

Hey guys:

Aside of WKFinancial, do you know of reverse equipment lessors in the tractor/trailer space that actually fund?

[NickHubbard]

Do you mean sale leaseback?

[aak723]

Do you mean sale leaseback?

Yes.

[mbernier]

I can get this done through one of my partners. We just did one of these last month for $80K. If there is value there, we can get this done by the end of the week. Feel free to shoot me an email (mike@wbl.com) if you want me to give this a try.

[michaelh]

It depends on the value of the equipment - the under 250 k market is limited - typically the sweet market is 500k to 10 million in loans - the money is loaned at 75 percent of the liquidating appraised value and customers credit is not an issue - typical close 7 to 10 business days depending on when the equipment can be inspected.

Mike

[aak723]

It depends on the value of the equipment - the under 250 k market is limited - typically the sweet market is 500k to 10 million in loans - the money is loaned at 75 percent of the liquidating appraised value and customers credit is not an issue - typical close 7 to 10 business days depending on when the equipment can be inspected.

Mike

Thank you Mike. Concise and on point as always. Yes $500K-$10MM is much easier with no doc programs. It's the smaller deals that drive everyone bananas.

[B2csp]

We have a partner that would be able to do this deal depending on FICO score. It wont be inhouse but we could help.
Send an email to Info@b2csp.com if you are not able to place it.

[therealrichzone]

ou

[aak723]

Have you talked to the guys at Allied Capital Group? Their number is below

Thank you. I'll call them. I didn't realize they played in this space.